NSE Launches goBID

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The

Na­tional Stock Ex­change, or NSE, has in­tro­duced an on­line bid col­lec­tion fa­cil­ity called 'goBid' for its mem­bers to en­ter bids of el­i­gi­ble re­tail in­vestors. Trad­ing mem­bers of the cap­i­tal mar­ket seg­ment are el­i­gi­ble to par­tic­i­pate in non-com­pet­i­tive bid­ding through the e-Gsec plat­form. In Novem­ber 2017, the Re­serve Bank of In­dia, or RBI, had per­mit­ted stock ex­changes in to act as ag­gre­ga­tors/fa­cil­i­ta­tors in the fa­cil­ity of non-com­pet­i­tive bid­ding in gov­ern­ment se­cu­ri­ties. The fa­cil­ity al­lows re­tail in­vestors to par­tic­i­pate on "non-com­pet­i­tive" ba­sis in auc­tion of Gov­ern­ment of In­dia Dated Se­cu­ri­ties (G-Sec) and Trea­sury Bills (TBills) con­ducted by the RBI.

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